Parella Motorsports Holdings and SpeedTour have announced the acquisition of Racing America, a premier digital-first motorsports media platform delivering live streaming, original content, and year-round coverage of amateur and stock car-adjacent racing.

Private equity firm Velocity Capital Management has acquired North American grassroots motorsport operator Parella Motorsports Holdings (PMH). Company founder Tony Parella will continue as CEO.PMH, which was founded by Parella in 2012, owns five major road racing series and hosts racing festivals across the United States under the SpeedTour brand...